Jiesen tries to take over the world

[jiesen]

Don't give up Jiesen. The Vulcan portfolio had a 32% gain last year, but this year sucked....no big losses, but real gains either.

2007 will be huge though. Stick around you'll see....

Thanks for the encouraging words, Webs. No, my underperformance is not going to keep me down for long. I am only learning to be better, and in time hope to trounce even your HUGE 32% gain one of these days.

If it seems that I've defocused from the market lately, that's because I have. I believe that now is not the right time to be putting too much cash into the market, and I'm averse to (and uneducated in the art of) shorting, so I'm trying to do more study into the fundamentals of companies I might choose to buy when the time is right (and price is low).

[peanuts]

Thanks for the encouraging words, Webs. No, my underperformance is not going to keep me down for long. I am only learning to be better, and in time hope to trounce even your HUGE 32% gain one of these days.

If it seems that I've defocused from the market lately, that's because I have. I believe that now is not the right time to be putting too much cash into the market, and I'm averse to (and uneducated in the art of) shorting, so I'm trying to do more study into the fundamentals of companies I might choose to buy when the time is right (and price is low).

I began to make short plays last year. All but 1 were profitable. I think the fact of my inexperience and constant babysitting of the position helped me to make a profit. I was so scared to be wrong, that the moment that I thought I was too right, I closed the position. I could have made even more on some of those positions.

[jiesen]

My first short was CNXT at 128. As amazingly good of a call it was, I still managed to lose money, when I covered in a panic at 132. (I didn't want to lose money, either!)

Imagine the coulda should woulda I felt when CNXT made it to sub-$1 territory.

[stenzrob]

I began to make short plays last year. All but 1 were profitable. I think the fact of my inexperience and constant babysitting of the position helped me to make a profit. I was so scared to be wrong, that the moment that I thought I was too right, I closed the position. I could have made even more on some of those positions.

peanuts, Your statement here, about being so scared to be wrong that you closed the position when you thought you were too right, is a classic quotable quote. This attitude doesn't apply only to short positions, either. I have made some great stock picks (long) and sold WAY before they peaked for about the same reasons.

regards ... stenz

[Websman]

peanuts, Your statement here, about being so scared to be wrong that you closed the position when you thought you were too right, is a classic quotable quote. This attitude doesn't apply only to short positions, either. I have made some great stock picks (long) and sold WAY before they peaked for about the same reasons.

regards ... stenz

Good to hear from you Stenz!

[stenzrob]

Good to hear from you Stenz!

Thanks webs - unlike Dave, when I get tired of it all, I just leave without resigning. Saves a lot of trouble signing up again when I come back !

[jiesen]

Welcome back, Stenz! Nice to see you hanging out here again!

[jiesen]

bot LJPC @ 3.06

added to my LJPC position today at 3.06. Together with the options I'm exercising at the end of this month (strike price of 2.2-2.4) I'm adding approximately 1% of my port at about $2.8/shr. These were use-it-or-lose-it options, so I might as well.

[jiesen]

bot LJPC @ 3.08

added another 1% today to my LJPC position. I think that's going to be enough for me at this price. If it gets down to $2.5 or so I might pick up some more again, though.

[jiesen]

sold XING at $18

I sold the last of my XING today (about a 2% position) at $18. Finally done with this one now. Farewell, XING, old buddy!

[jiesen]

GPRO update

Here are the latest analyst reports for GPRO in case anyone is interested...

Piper Jaffray:
http://www.filefactory.com/file/467325/

Bank of America:
http://www.filefactory.com/file/9f3256/

Merrill Lynch:
http://www.filefactory.com/file/382652/

Lehman Bros:
http://www.filefactory.com/file/4dce5a/

http://www.sharebigfile.com/file/85946/analystnotes-zip.html

Here are the latest analyst reports for GPRO. Looks like the older ones are no longer hosted though.

[jiesen]

bot NFI at 9.9

Took a 2% position in NFI today, looking for a quick 20-30% return out of this one. It's just gotta be oversold right now. There's still about $6 in dividends to be paid from 2006 in the share price right now, and the company has to be worth at least $4 or $5 after that, even with no profits until 2011... right? I mean, c'mon, BV is $15!

If there isn't any dead-cat bounce though, I'll probably cut it loose again for $9.5 or so before it bleeds me for too much. There could always be more bad news around the corner.

[jiesen]

bought NFI again at 8.5 today

just sunk another 2% into this sucker. hopefully I don't end up getting hosed on this one. I already missed my stop-out point, so I'm going to make up for it by doubling up. Not always a wise move, I know... c'mon 9.5! get me outta this jam!

[jiesen]

rutro

just sunk another 2% into this sucker. hopefully I don't end up getting hosed on this one. I already missed my stop-out point, so I'm going to make up for it by doubling up. Not always a wise move, I know... c'mon 9.5! get me outta this jam!

I'm beginning to see that the subprime mortgage sector is like a coal mine with a gas leak, and I just bought the canary as it started to look a bit tepid. Probably wasn't such a good idea to buy another one.

[jiesen]

http://www.sharebigfile.com/file/859...notes-zip.html

Here are the latest analyst reports for GPRO. Looks like the older ones are no longer hosted though.

At least my employer had some good news today:

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b99F53119-C997-47F9-A3B6-C7965D563D72%7d&siteid=yhoo&dist=yhoo

Maybe my stock options will go back in the money again this month...